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Aurora Cannabis (TSE:ACB) Trading Down 20.3% - Here's What Happened

Aurora Cannabis logo with Medical background

Aurora Cannabis Inc. (TSE:ACB - Get Free Report)'s stock price was down 20.3% during trading on Wednesday . The company traded as low as C$6.36 and last traded at C$6.39. Approximately 1,467,582 shares changed hands during mid-day trading, an increase of 183% from the average daily volume of 519,110 shares. The stock had previously closed at C$8.02.

Aurora Cannabis Stock Performance

The company has a quick ratio of 2.48, a current ratio of 3.42 and a debt-to-equity ratio of 18.72. The stock has a market cap of C$334.81 million, a P/E ratio of -7.56 and a beta of 2.71. The firm's 50-day moving average is C$6.98 and its two-hundred day moving average is C$6.70.

Aurora Cannabis Company Profile

(Get Free Report)

Aurora Cannabis, headquartered in Edmonton, Canada, cultivates and sells medicinal and recreational cannabis through a portfolio of brands that includes Aurora, CanniMed, Daily Special, MedReleaf, and San Rafael '71. Although the company primarily operates in Canada, it has expanded internationally through medical cannabis exporting agreements or cultivation facilities in more than 20 countries.

Further Reading

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